About Us  |   Contact Us  |   Register  | Login  |   

Follow HedgeWorld on Twitter HedgeWorld on LinkedIn






HEDGEWORLD NEWS
Search the News
Advanced News Search
HedgeWorld News by Region
United States / Americas
Europe
Asia / Australia
International
HedgeWorld News Sections
Managed Futures & Derivatives
Daily News
Regulatory/Legal
Strategies/Analysis
Technology
Opinion
People
Indexes
Other News Features
Most Popular
LexisNexis Headlines
Reuters Headlines
The HedgeWorld Blog
Alternative Advantage Daily Newsletter
RSS Service
Sign Up For Email News Alerts
Reprints



Private equity firm KKR's Q1 earnings drop 3 percent on fund values
(REUTERS)
04/24/2014  |  12:05
By Greg RoumeliotisNEW YORK, April 24 (Reuters) - Private equity firm KKR & Co LP on Thursday reported a 3 percent year-on-year drop in first-quarter profit due to a lower appreciation of its investments, overshadowing a near-doubling in fees it received for managing assets and doing deals.The drop in KKR's earnings, however, was much less than most analysts expected, and the firm's first-quarter dividend, up 59 percent year-on-year on higher proceeds from asset sales, also exceeded most analysts' forecasts....

Nasdaq not yet subpoenaed in N.Y. high frequency trading probe-CEO
(REUTERS)
04/24/2014  |  14:15
NEW YORK, April 24 (Reuters) - Nasdaq OMX Group Inc has not to date received a subpoena from the New York attorney general as part of its industrywide probe into allegedly unfair technological advantages on Wall Street, Nasdaq Chief Executive Officer Robert Greifeld said on Thursday.Attorney General Eric Schneiderman is seeking information on the relationships that exchanges and off-exchange platforms, known as dark pools, have with high-frequency trading firms, and has issued subpoenas to at least half-dozen firms, Reuters reported last week....

PREVIEW-Politics clouds proposed overhaul of U.S. housing finance system
(REUTERS)
04/24/2014  |  18:29
* Senate panel scheduled to consider bill on Tuesday* Panel leaders have enough votes for passage, but want more* Obama administration wants to limit chances of future bailoutsBy Margaret ChadbournWASHINGTON, April 24 (Reuters) - The U.S....

COLUMN-Aluminium up on great expectations; reality lags behind: Andy Home
(REUTERS)
04/24/2014  |  13:27
(Andy Home is a Reuters columnist. The opinions expressed are his own)By Andy HomeLONDON, April 24 (Reuters) - Aluminium has staged an impressive price rally since the start of the month....

Dalian bourse plans to launch commodity index futures contract
(REUTERS)
04/24/2014  |  08:32
HONG KONG, April 24 (Reuters) - China's Dalian Commodity Exchange plans to launch a commodity index futures contract as soon as this year, its chairman said on Thursday."We hope this year we will have a breakthrough," Xingqiang Liu said at an industry conference in Hong Kong....

UPDATE 1-UK's Labour mulls moving loan from Co-op Bank -sources
(REUTERS)
04/24/2014  |  09:59
* Labour says move would be for commercial reasons* Move would hand unions more control - Conservatives (Adds reaction from Conservative Party)By Matt Scuffham and Kylie MacLellanLONDON, April 24 (Reuters) - Britain's Labour Party is considering moving a 1.2 million pound ($2 million) loan with the troubled Co-operative Bank to Unity Trust Bank, which is controlled by the country's trade unions, sources familiar with the matter said on Thursday....

EXCLUSIVE-Three employees at Marubeni's grain unit in China detained
(REUTERS)
04/24/2014  |  10:45
(Recasts with China confirmation of detentions, traders, background)By James Topham and Niu ShupingTOKYO/BEIJING, April 24 (Reuters) - Three employees at one of Marubeni Corp's grain trading unit in China have been detained, Chinese customs said on Thursday, a move prompted by allegations of tax evasion on soybean imports.The three local staff worked at a Chinese unit of Marubeni's Columbia Grain, Inc, the Japanese trading house and Chinese customs in the port city of Qingdao said....

CME plans to launch physically settled Asia gold futures-sources
(REUTERS)
04/24/2014  |  11:27
* CME likely to launch contract in Hong Kong - sources* Contract size expected to be 1 kg* Rivals have been boosting Asia commodities operationsBy A. Ananthalakshmi and Frank TangSINGAPORE/NEW YORK, April 24 (Reuters) - CME Group Inc plans to launch a physically deliverable gold futures contract in Asia, three sources familiar with the matter said, as the world's No....

CORRECTED-UPDATE 2-LME says up to quarter of its electronic trade comes from Asia
(REUTERS)
04/24/2014  |  12:00
(Corrects paragraph 2 to show this is not the first time the LME has released data on Asian electronic trading)* Bourse looking to expand in China, rest of Asia* CEO also says no plans for yuan-listed products in London* Will decide on future of open outcry trade later in yearBy Melanie Burton and Polly YamHONG KONG, April 24 (Reuters) - Up to a quarter of electronic trading volume on the London Metal Exchange (LME) comes from customers in Asia, its chief executive said, indicating the bourse has a roboust base for its drive into the region.The data shows that the LME, the world's biggest marketplace for industrial metals such as copper and aluminium, has a toehold in the Asian market, but it also still has huge room to grow....

UPDATE 3-Barclays pay row intensifies as key investors say 'no' to bonus plans
(REUTERS)
04/24/2014  |  16:35
* Barclays: 34 pct of investors oppose or withhold vote on pay* Big investor Standard Life votes against 2013 pay* Chairman Walker says bank was losing people critical to future* Barclays says Q1 profit down after fixed income revenues slump* Barclays shares up 1.1 pct (Adds vote results, comments from shareholders, chairman)By Steve Slater and Matt ScuffhamLONDON, April 24 (Reuters) - More than a third of Barclays' investors declined to back its pay policy on Thursday, tipping the British bank into an open row with one of its biggest shareholders....

Portugal Banco BPI swings to loss, to repay state loans
(REUTERS)
04/23/2014  |  19:40
LISBON, April 23 (Reuters) - Portugal's third-largest listed bank BPI posted on Wednesday a first-quarter net loss after a year-ago profit, mostly due to sovereign debt sales meant to comply with new European rules, while its net interest income edged lower.The bank also said it requested permission to repay to the state the remaining 420 million euros in loans held in so-called contingent convertible bonds (CoCos) that have weighed on the bank's bottom line due to high interest charged....

Stern Advice -Questions to ask your adviser about alternative funds
(REUTERS)
04/23/2014  |  19:59
By Linda SternNEW YORK, April 23 (Reuters) - Ever since they were badly burned in the 2008-2009 stock and bond debacle, investors have been pouring money into so-called "alternative" mutual funds, often at the behest of financial advisers who say those funds will protect them from the fire next time.But it is too soon to tell whether most of these funds will work as suggested....

UPDATE 4-Pork giant WH Group slashes Hong Kong IPO, seeks up to $1.9 bln
(REUTERS)
04/23/2014  |  07:50
* WH Group seeks up to $1.9 billion in revised IPO* Shareholders to no longer cash out* Deal had no cornerstone investors, wide indicative range* Executive share awards raised corporate governance concerns (Recasts with official announcement, changes date in dateline)By Elzio Barreto and Fiona LauHONG KONG, April 23 (Reuters) - WH Group Ltd, the world's biggest pork company, has cut its Hong Kong IPO by two thirds as market volatility and rich valuations turned investors off the deal, a revised term sheet seen by Reuters showed on Wednesday....

INTERVIEW-Hard times ahead for metals industry as costs rise -Triland
(REUTERS)
04/23/2014  |  08:45
* Some brokers passing on growing costs to customers -Triland executive* Triland has started charging interest on credit lines* But has set up Singapore desk, hopes for more business in SE AsiaBy Melanie BurtonHONG KONG, April 23 (Reuters) - The harsh climate for metal brokers is getting worse amid rocketing costs for trading which some firms have been passing on to customers, said an executive at a unit of Japan's Mitsubishi Corp.Stricter regulations in the wake of the global financial crisis, as well as the London Metal Exchange's (LME) drive to boost profits, have hit brokerages hard, said Martin Pratt, chief operating officer at LME ring dealer Triland Metals....

Saudi Telecom picks banks for debut sukuk issue - sources
(REUTERS)
04/23/2014  |  10:37
By David FrenchDUBAI, April 23 (Reuters) - Saudi Telecom Co (STC) , the Gulf's biggest telecommunications operator by market value, has picked three banks to manage its debut Islamic bond offer, banking sources aware of the transaction told Reuters on Wednesday.It has chosen JP Morgan Chase, Standard Chartered and the investment banking arm of Saudi Arabia's National Commercial Bank to arrange the transaction, three sources said, speaking on condition of anonymity as the information isn't public....

SPECIAL REPORT-For private placements, no one is vetting the vetters
(REUTERS)
04/23/2014  |  11:00
(For more Reuters Special Reports, double-click on )By Emily FlitterOMAHA, Nebraska, April 23 (Reuters) - From 2006 to 2009, Provident Asset Management raised $485 million from 7,700 investors who were drawn to its promises of annual returns as high as 18 percent on oil and gas assets. Law firm Mick & Associates helped....

Commodity trader Mercuria posts 14 pct revenue rise to $112 bln
(REUTERS)
04/23/2014  |  17:44
April 23 (Reuters) - Swiss merchant Mercuria, which agreed last month to buy JPMorgan Chase & Co's physical commodities business, posted a 14 percent rise in revenue and a 7 percent increase in trading volume in 2013.The firm, which in just a decade has risen to challenge more established rivals such as Vitol and Glencore, said on its website that its turnover rose to $112 billion last year on 195 million tonnes of traded raw materials....

UPDATE 2-HKEx to launch copper, aluminium, zinc mini-futures this year
(REUTERS)
04/22/2014  |  12:48
* HKEx plans futures settled in renminbi* Not competing with Shanghai exchange's contracts - CEO (Adds quotes, details)By Polly YamHONG KONG, April 22 (Reuters) - Hong Kong Exchanges and Clearing Ltd plans to begin trading copper, aluminium and zinc mini-futures contracts this year, it said in a statement on Tuesday.Prices for the new contracts would be based on settlement prices of the futures on the London Metal Exchange (LME) owned by HKEx and settled in cash with Chinese renminbi, targeting Chinese investors....

UPDATE 4-CN, CP Rail profits could leave sour taste for farmers
(REUTERS)
04/22/2014  |  23:40
(Updates to include CN Rail's results and conference call comments)By Solarina HoApril 22 (Reuters) - Canada's two largest railroads reported stronger-than-expected profits on Tuesday, results that could prompt fresh criticism from farmers already unhappy with the handling of a massive crop backlog during one of the harshest winters in decades.Canadian Pacific Railway Ltd and Canadian National Railway Co have come under enormous pressure to clear the backlog, which resulted from a record harvest last year and subsequent disruptions of service caused by a frigid winter....

REFILE-INSIGHT-At Mt. Gox bitcoin hub, 'geek' CEO sought both control and escape
(REUTERS)
04/22/2014  |  04:53
(Changes Mandalah description in paragraph 30, company name in para 31)By Sophie KnightTOKYO, April 21 (Reuters) - In June 2011, when customers of now-bankrupt bitcoin exchange Mt. Gox agitated for proof that the Tokyo-based firm was still solvent after a hacking attack, CEO Mark Karpeles turned to the comedy science fiction novel "The Hitchhikers Guide to the Galaxy"....

UPDATE 1-CME Group overhauls daily grain price limits
(REUTERS)
04/22/2014  |  19:00
(Adds comments from CME, broker)By Tom PolansekCHICAGO, April 22 (Reuters) - CME Group Inc, the world's largest futures market operator, said on Tuesday it will overhaul the system for setting daily price limits for U.S....

Goldman buys Westpeak in drive for 'smart beta' assets
(REUTERS)
04/22/2014  |  21:15
By Lauren Tara LaCapraNEW YORK, April 22 (Reuters) - Goldman Sachs Group Inc's asset-management business has agreed to buy Westpeak Global Advisors, a firm that aims to beat market indexes by using factors other than company size to pick stock investments.The deal, disclosed on Tuesday, comes as Goldman is working to bulk up its asset management unit, partly by strengthening its quantitative product offerings....

UPDATE 3-HKEx to launch copper, aluminium, zinc mini-futures this year
(REUTERS)
04/22/2014  |  15:50
* HKEx plans futures settled in renminbi* Traders say could rival Shanghai exchange's (Updating to add more details throughout)By Polly YamHONG KONG, April 22 (Reuters) - Hong Kong Exchanges and Clearing Ltd plans to launch copper, aluminium, zinc and coal futures contracts this year, it said on Tuesday, the exchange's first foray into the fiercely competitive, burgeoning Chinese commodities derivatives market.The company said it will introduce mini futures for the three base metals based on settlement prices of the futures on the London Metal Exchange (LME) owned by HKEx and settled in cash with Chinese renminbi....

San Francisco man pleads guilty in Marvel insider trading case
(REUTERS)
04/21/2014  |  23:34
By Nate RaymondApril 21 (Reuters) - A former associate at a California investment firm pleaded guilty to securities fraud Monday, admitting to illegally making $192,000 trading ahead of news Marvel Entertainment would be bought by Walt Disney Co, where his girlfriend was working.Toby Scammell, a San Francisco resident who previously worked at Madrone Capital Partners, pleaded guilty to a single securities fraud count at a hearing in Los Angeles federal court, more than six months after he was criminally charged....

Merrill sets new $8 million bragging target for its top brokers
(REUTERS)
04/21/2014  |  17:57
By Jed HorowitzNEW YORK, April 21 (Reuters) - Merrill Lynch is dangling a new incentive in front of its brokers by creating a "recognition club" for those who bring in $8 million or more a year from clients, more than doubling the top goals set by its securities industry rivals.Until now, Merrill Lynch Wealth Management's top recognition club was its "Circle of Champions" for financial advisers who produced $4 million of commissions and fees, or received 2....

Speculators turn short U.S. dollar for 1st time in 6 months-CFTC
(REUTERS)
04/21/2014  |  14:02
April 21 (Reuters) - Speculators turned bearish on the U.S. dollar in the latest week for the first time since late October, according to data from the Commodity Futures Trading Commission released on Friday....

UPDATE 3-Blackstone earnings rise 30 pct on private equity gains
(REUTERS)
04/17/2014  |  20:27
* Total assets under management up 25 pct y/y to $272 bln as of end-March* 1st qtr ENI per share of 70 cts vs 55 cts in Thomson Reuters analyst poll* 1st qtr distributable earnings at $485 mln, up 24 pct y/y (Adds closing share price paragraph 2)By Greg RoumeliotisNEW YORK, April 17 (Reuters) - Blackstone Group LP, the world's largest alternative asset manager, reported a 30 percent increase in first-quarter earnings on strong gains in its private equity arm which more than offset small declines in its real estate unit.The results, buoyed by asset sales and a strong appreciation in Blackstone's buyout funds that outpaced the wider stock market, beat most analysts' expectations....

Virtu indefinitely postpones IPO - WSJ
(REUTERS)
04/17/2014  |  20:53
April 17 (Reuters) - High-speed trading firm Virtu Financial Inc has indefinitely postponed its initial public offering plans, the Wall Street Journal reported, citing people familiar with the matter.The move comes as high-frequency trading (HFT) is under intense scrutiny, following the release of author Michael Lewis' book "Flash Boys: A Wall Street Revolt"....

Blackstone exec doesn't expect move into commodities in near term
(REUTERS)
04/17/2014  |  18:13
NEW YORK, April 17 (Reuters) - Blackstone Group LP is unlikely to make a foray into commodity trading in the short term as the world's largest alternative asset manager struggles to find a target to fit its asset-light business model, a senior executive said on Thursday.In his first earnings call with reporters since Blackstone lost out to Mercuria to buy JPMorgan Chase & Co's physical commodity division, Blackstone President Tony James said he is still interested in broadening the company's revenue through commodities....

First post-default Greek bond starts rewarding investors
(REUTERS)
04/17/2014  |  15:31
* Greek five-year bonds fall below 4.95 pct issuance level* Bond's market performance key for success of future sales* Italy raises 20.6 bln in bumper BTP Italia sale* Portugal schedules auction with bailout exit in sight (Updates prices and details)By Marius ZahariaLONDON, April 17 (Reuters) - The yield on the first bond Greece has sold since its 2012 default fell below its issuance level on Thursday as Athens rejoined a rally in peripheral debt markets after a brief period of selling pressure....

UPDATE 3-BlackRock's quarterly profit jumps as investors pile into funds
(REUTERS)
04/17/2014  |  16:45
(Adds comments from analysts, details on earnings results)By Ashley LauNEW YORK, April 17 (Reuters) - BlackRock Inc, the world's largest money manager, said on Thursday its first-quarter profit rose 20 percent, boosted by strong performance fees and strength in its retail business as investors poured money into long-term funds.The New York-based asset manager, which now manages $4....

UPDATE 1-Ex-BP employee settles SEC insider-trading oil spill case
(REUTERS)
04/17/2014  |  17:18
(Adds details of case, background and comment from attorney)By Sarah N. LynchWASHINGTON, April 17 (Reuters) - A former 20-year veteran of BP plc who oversaw the company's cleanup efforts from the Deepwater Horizon oil spill will pay more than $224,000 to settle civil charges alleging he used non-public information about the disaster to commit insider-trading, U....

UPDATE 2-Amid frigid winter, Goldman, Morgan Stanley see commodity gains
(REUTERS)
04/17/2014  |  17:22
* Goldman says commodity revenue "significantly higher"* Morgan Stanley says "strong performance" bolstered FICC* Weather volatility, client business fuel growth-Morgan CFO* "Starting to see" benefits of rivals scaling back-Goldman (Updates with Goldman quotes, details throughout)By David Sheppard and Lauren Tara LaCapraLONDON/NEW YORK, April 17 (Reuters) - Goldman Sachs and Morgan Stanley both cited stronger commodities trading as a bright spot in the first quarter, aided in part by extraordinary volatility caused by the coldest U.S....

UPDATE 2-Chipotle raising prices as steak, avocados, cheese costs rise
(REUTERS)
04/17/2014  |  17:43
(Adds company comment, details on food costs, byline)By Lisa BaertleinApril 17 (Reuters) - Chipotle Mexican Grill Inc on Thursday said it will increase menu prices for the first time in nearly three years, fueled by all-time high costs for steak as well increasingly expensive avocados and cheese.Shares of the popular burrito chain jumped as much as 6....

COLUMN-More commodities being used for China financing, risks rising: Clyde Russell
(REUTERS)
04/17/2014  |  05:01
--Clyde Russell is a Reuters columnist. The views expressed are his own.--By Clyde RussellLAUNCESTON, Australia, April 17 (Reuters) - In an otherwise upbeat report on the outlook for China's gold demand, the World Gold Council (WGC) slipped in some details about the use of the precious metal for credit deals....

UPDATE 2-Lloyds Bank buys back private investors' ECN bonds
(REUTERS)
04/17/2014  |  07:34
* Investors agree to sell bonds worth nominal 58.5 mln stg* Offer had been criticised by activist investor* Pays between 104 and 144 percent of nominal value (Adds details, background)LONDON, April 17 (Reuters) - Lloyds Banking Group said on Thursday that private retail investors holding 58....

First post-default Greek bond starts rewarding investors
(REUTERS)
04/17/2014  |  11:08
* Greek five-year bonds fall below 4.95 pct issuance level* Bond's market performance key for success of future sales* Italy raises 20.6 bln in bumper BTP Italia sale (Updates with new prices, Italian debt sale, adds fresh comments)By Marius ZahariaLONDON, April 17 (Reuters) - The yield on the first bond Greece has sold since its 2012 default dipped just below its issuance level on Thursday as Athens rejoined a rally in peripheral debt markets after a brief period of selling pressure....

Louis Dreyfus appoints ex-Cargill executive to senior role
(REUTERS)
04/17/2014  |  12:16
LONDON, April 17 (Reuters) - Agricultural trading house Louis Dreyfus Commodities has appointed Gert-Jan van den Akker as Head of Regions, company sources said on Thursday.Van den Akker was previously executive vice president Asia Pacific at Cargill and its global leader for energy, transportation and metals....

UPDATE 2-Goldman Sachs profit falls 11 pct but beats estimates
(REUTERS)
04/17/2014  |  12:41
(Adds details and background, updates shares)By Lauren Tara LaCapra and Tanya AgrawalApril 17 (Reuters) - Goldman Sachs Group Inc reported an 11 percent drop in quarterly profit as client activity remained constrained and fixed-income revenue shrank, but both earnings and revenue beat market estimates and the Wall Street bank's shares rose.Goldman said net income fell to $1....

UPDATE 1-Chipotle profit up 8 pct as more diners visit its outlets
(REUTERS)
04/17/2014  |  12:53
* First-quarter EPS $2.64 vs est. $2.86* Sales rise 24.4 pct to $904.2 mln; same-restaurant sales rise 13.4 pct* Raises full-year same-restaurant sales forecast* Shares up 6 pct premarket (Adds forecast, details on food costs, updates shares)April 17 (Reuters) - Chipotle Mexican Grill Inc raised its full-year sales forecast after reporting better-than-expected quarterly revenue as sales surged at established restaurants....






Lipper    Privacy   User Policy  Legal Disclosure Copyright/DMCA  Site Map    FAQ    Glossary  Thomson Reuters for Hedge Funds
All rights reserved. Users may download and print extracts of content from this website for their own personal and non-commercial use only. Republication or redistribution of HedgeWorld content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. HedgeWorld is a registered trademark of Thomson Reuters.